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Improperly structured sales force incentives are a significant obstacle to coordination in the supply chain.
Temporary Account
An account that is closed at the end of each accounting period and its balances transferred to permanent accounts; examples include revenues, expenses, and dividends accounts.
Correct Entry
An accurate recording of a transaction in the books of accounts, adhering to accounting principles and conventions.
Correcting Entry
A journal entry made in accounting records to amend a previously made error.
Accounts Payable
Liabilities representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.
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